What are the skills for property management?

Through property operation and management, property owners or investors can not only maintain the value of their properties during operation and use, but also achieve value-added. This is the expansion of property management from traditional property operation management services to strategic property asset value management.

Real estate assets usually account for a considerable proportion of corporate assets, and the quality of its management has a vital impact on corporate costs and benefits, shareholder returns, and the smooth development of the company's main business. Therefore, corporate real estate asset management and property managers play an increasingly important role in corporate business decisions.

Property management, also known as asset management, refers to the comprehensive use of property management (Property Management), facility management (Facilities Management), real estate asset management (Real Estate Assets Management), The technologies, methods and models of Real Estate Portfolio Management target income-generating properties and provide owners with comprehensive management services throughout the entire life cycle.

Property operation and management breaks through the limitations of traditional property management activities which are limited to "repair, maintenance and management of houses, supporting facilities and equipment and related sites", emphasizing providing value management services to owners to meet their property needs. Investment income or the needs of corporate development strategies and main business development goals.

Property operation and management activities include not only the operation and management to ensure the normal use of the property, but also the capital investment decision-making, marketing, leasing management, and cost control of using the property as a profitable asset. , property value and business performance evaluation and other business activities. Profitable properties such as office buildings and retail businesses can create profits and returns for owners or investors through property management activities just like a general industrial and commercial enterprise.

Property operation and management is not a specific professional field, but the result of the continuous expansion, intersection and integration of property management, facility management, real estate asset management and real estate portfolio investment management with changes in market demand.

The management objects of property management activities are usually revenue-generating properties, which mainly include office buildings, retail commercial properties, rental villas and apartments, industrial properties, hotels and leisure and entertainment facilities. These income-generating properties are usually leased to tenants (also known as tenants and lessees) and can obtain recurring rental income. They are the main material vehicle for real estate investment trusts and institutional investors to invest in commercial real estate.

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